$BTC has pulled back into the $107,000–$108,500 zone after testing a high near $112,000 — consolidation is underway.
Holding above ~$105K support? A breakout toward $115K+ could be next. 🚀
📊 Key analyst levels:
• Support zone: Around $105,500 (20-day EMA) and also $103,700–$105,500 acted as a reliable cushion .
• Immediate resistance: At ~$110K–$112,000 — crossing this could lead to a push to the monthly high .
• Next big resistance: Near $114K, then pivoting toward $115K–$120K if momentum holds .
⚖️ What’s happening:
• BTC is trading sideways between $100K–$110K, bound by the descending trendline and key EMAs .
• On‑chain and ETF data reveal long‑term holder selling, but balancing institutional ETF inflows keep price stable .
• Seasonally, July tends to be bullish (~+8%), and June closed at a record high — pointing to upward potential .
Trade Plan:
• Bull case: If BTC stays above $105K and breaks past the $110K–$112K zone, next target is $115K–$120K, with upside scenarios reaching $140K–$150K in a strong campaign .
• Bear case: A drop below $105K (20‑day EMA) and $104K could test $100K support — the psychological floor — and potentially slide to $100K or lower .
Summary:
$BTC is consolidating after late‑June highs. Holding $105K–$108K keeps the bulls in control; a clean breakout above $110K–$112K might trigger the next leg to $115K+. But slipping below $105K opens the door to $100K support. Watch those levels!
